欧盟在跨大西洋金融监管协调中的影响力——基于一致性的解释  

The EU’s Influence in Transatlantic Financial Regulatory Coordination:With the EU’s Cohesiveness as an Explanation

作　　者：徐悦 刘宏松 XU Yue;LIU Hongsong

机构地区：[1]上海理工大学外语学院 [2]上海交通大学国际与公共事务学院

出　　处：《欧洲研究》2020年第3期126-145,I0006,共21页Chinese Journal of European Studies

摘　　要：欧盟和美国作为两大监管法域,是国际金融监管协调的主要参与方。在跨大西洋金融监管协调中,欧盟的影响力为何在不同情况下存在差异?既有研究从知识视角发展到市场权力和制度视角,对欧盟的影响力差异做出了解释。尽管基于制度视角的一致性解释框架对市场权力理论构成了补充,但仍然存在因果机制不明确的问题。本文在已有研究基础上提出,欧盟一致性通过影响市场权力的发挥和一体化目标,塑造了欧盟在监管协调中的影响力。通过对“外国银行机构规则”、国际处置机制和巴塞尔协议Ⅲ三个案例的分析,上述解释得到了实证支持。The European Union and the United State are the world’s two largest jurisdictions and major players in international financial regulatory coordination,where the influence of the EU varies across difference cases.What are the reasons accounting for the variation of the EU’s influences?The present studies depart from the knowledge perspective and have progressed into the market power and institution perspectives to interpreted the variation of the EU’s influences in different cases.An institutionalist account based on the EU’s cohesiveness serves as a supplement to the market power theory.However,the mechanisms through which the EU’s cohesiveness operates are still to be unveiled.Based on the existing researches,this paper argues that the cohesiveness of the EU shapes its influence in regulatory coordination through its impacts on the Union’s market power and the objectives of integration.This explanation is empirically supported by an analysis of the three cases on,respectively,the Foreign Banking Organization rule,the international resolution regimes,and the BaselⅢ.

关 键 词：金融监管 监管协调 欧盟一致性 市场权力 一体化 

分 类 号：F831.1[经济管理—金融学]